MasterCraft Boat (NASDAQ:MCFT – Get Rating) will post its quarterly earnings results before the market opens on Wednesday, November 9th. Analysts expect MasterCraft Boat to post earnings of $1.26 per share for the quarter. MasterCraft Boat has set its FY 2023 guidance at $3.89-$4.31 EPS and its Q1 2023 guidance at $1.30-$1.30 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
MasterCraft Boat (NASDAQ:MCFT – Get Rating) last posted its quarterly earnings results on Thursday, September 8th. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.28. The firm had revenue of $217.65 million for the quarter, compared to analysts’ expectations of $195.11 million. MasterCraft Boat had a return on equity of 62.88% and a net margin of 8.22%. During the same period in the prior year, the business earned $0.94 EPS. On average, analysts expect MasterCraft Boat to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
MasterCraft Boat Price Performance
MasterCraft Boat stock opened at $22.00 on Monday. The stock has a market capitalization of $399.32 million, a price-to-earnings ratio of 7.05 and a beta of 1.81. MasterCraft Boat has a 52-week low of $18.49 and a 52-week high of $29.69. The stock’s 50 day moving average price is $21.20 and its two-hundred day moving average price is $22.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.72 and a current ratio of 1.57.
Analysts Set New Price Targets
Institutional Investors Weigh In On MasterCraft Boat
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Divisar Capital Management LLC grew its stake in MasterCraft Boat by 12.0% in the 1st quarter. Divisar Capital Management LLC now owns 1,213,023 shares of the company’s stock valued at $29,852,000 after purchasing an additional 130,333 shares during the period. Dimensional Fund Advisors LP grew its stake in MasterCraft Boat by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 539,870 shares of the company’s stock valued at $13,287,000 after purchasing an additional 5,852 shares during the period. Wellington Management Group LLP grew its stake in MasterCraft Boat by 39.4% in the 1st quarter. Wellington Management Group LLP now owns 372,400 shares of the company’s stock valued at $9,165,000 after purchasing an additional 105,300 shares during the period. State Street Corp grew its stake in MasterCraft Boat by 2.9% in the 1st quarter. State Street Corp now owns 345,159 shares of the company’s stock valued at $8,494,000 after purchasing an additional 9,605 shares during the period. Finally, Millennium Management LLC grew its stake in MasterCraft Boat by 890.3% in the 2nd quarter. Millennium Management LLC now owns 121,142 shares of the company’s stock valued at $2,550,000 after purchasing an additional 108,909 shares during the period. 89.33% of the stock is owned by hedge funds and other institutional investors.
MasterCraft Boat Company Profile
MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through four segments: MasterCraft, Crest, NauticStar, and Aviara. The MasterCraft segment produces recreational performance sport boats, which are used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
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